TMNAX — Counterpoint Tactical Municipal Fund
Data updated: 2026-05-28
TMNAX — Counterpoint Tactical Municipal Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Alternative · $287.40M AUM · 1.75% expense ratio · 3.6% 1-yr return. From SEC regulatory filings.
TMNAX Fund Overview
TMNAX — Counterpoint Tactical Municipal Fund is a US mutual fund managed by Northern Lights Fund Trust III, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust III
- Category: Alternative
- Assets under management: $287.40M
- 1-year return: 3.6%
- Ticker: TMNAX
- SEC CIK: 0001537140
- SEC series ID: S000061857
- Share class ID: C000200261
TMNAX Holdings
Top 10 holdings of Counterpoint Tactical Municipal Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| BlackRock Liquidity Funds | 95.07% |
| Nuveen Municipal | 3.30% |
| AB Municipal Income Fund Inc. | 0.00% |
| Russell Investment Company | 0.00% |
| Goldman Sachs Trust | 0.00% |
| PIMCO Funds | 0.00% |
| Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds) | 0.00% |
| Aim Tax-Exempt Funds (Invesco Tax-Exempt Funds) | 0.00% |
| American High-Income Municipal Bond Fund | 0.00% |
| Price T Rowe Tax Free High Yield Fund Inc. | 0.00% |
TMNAX Portfolio Allocation
Asset-class allocation of Counterpoint Tactical Municipal Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Cash & Equivalents | 96.3% |
| Equity | 3.3% |
TMNAX Performance
Total returns for TMNAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.3% |
| 1 year | 3.6% |
| 3 years (annualised) | 3.2% |
| 5 years (annualised) | 2.2% |
TMNAX Risk Information
Risk metrics for TMNAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.4%
TMNAX Costs and Fees
TMNAX costs about $175 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.75%
- Gross expense ratio: 1.75%
- Portfolio turnover: 360%
- Brokerage commissions: 7248.59 bps of average net assets (SEC N-CEN)
TMNAX Cashflows
Over the 12 months to 2026-03, Counterpoint Tactical Municipal Fund had net outflows of $19.07M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $724.25K |
| 2026-02 | −$2.79M |
| 2026-01 | $1.57M |
| 2025-12 | −$1.54M |
| 2025-11 | $6.60M |
| 2025-10 | −$2.22M |
TMNAX Debt Constituents
No individual debt constituents are reported in Counterpoint Tactical Municipal Fund's latest SEC N-PORT filing.
TMNAX Prospectus and SEC Filings
Official Counterpoint Tactical Municipal Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Alternative funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.